According to Turkish Statistical Institute (TurkStat) estimation, in 2021, Turkey's gross domestic product have spent more than USD802.7 billion on research and development, an increase of 42.8%.
Advanced wound care products are designed to accelerate the healing process of chronic wounds, such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers. These products are more effective than traditional wound care products and can significantly reduce healing time, improve patient outcomes, and reduce healthcare costs.
Turkey is one of the fastest-growing economies in the world, and its healthcare system is among the most advanced in the region. As the population ages, chronic diseases such as diabetes, cardiovascular disease, and cancer are becoming increasingly common. With an aging population comes an increased demand for advanced wound care products and services, creating a significant growth opportunity for the Turkish wound care market.
Moreover, the increase in the sedentary lifestyle including lack of physical activity, alcohol consumption, overeating, obesity etc., are some factors giving rise to several health issues along with the technological developments and is expected to drive the growth of Turkey Advanced Wound Care Market in the forecast years 2024-2028.
Additionally, an increasing geriatric population base and the increasing number of traumatic injuries are other major factors accelerating market growth. Thus, this aspect is improving the health care infrastructure and facilities found at in the country including the wound care management systems, thereby propelling the advanced wound care market growth in the coming years.
Rising Number of Road Accidents & Injuries
According to data, fatal road injuries in Turkey rose to 5,362 traffic fatalities in 2021. Additionally, according to the Global Road Safety Facility (GRSF) hosted by the World Bank, approximately 73% of road accidental fatalities & injuries are observed among the people within the age groups of 15-64 years.
Rising Prevalence of Chronic Diseases
Growing Susceptibility for Fractures Among the Elderly
According to WHO, the rising elderly population in the country is growing at an elevated rate compared to the last 5 years demographics of the country. Moreover, according to the Turkish Statistical Institute (TurkStat) statistics, in 2019, the elderly population was holding a huge percentage of approximately 9.1% of the total population in Turkey.
Technological Advancement & New Product Launches
Several research and development in advanced wound care products such as wound dressings, resulted in the research and production of novel products that provide absorption, hydration, and antimicrobial activities. This is ascribed to technological advancement, causing a change from simple dressings to advanced dressings, and enhancing the demand for products that incorporate active pharmaceutical ingredients. The need to improve the condition of wound care and provide products that regulate wound healing easily is expected to drive the growth of Turkey advanced wound care market.
Moreover, the advanced wound care market has seen several technological advancements in recent years, with the introduction of new wound care products and devices that are more effective and easier to use than traditional wound care products. Advanced wound dressings, such as hydrogels, collagen dressings, and foam dressings, have been widely adopted in Turkey, providing better outcomes for patients, driving the growth of the advanced wound care market.
For instance, according to ScienceDirect, diabetic foot ulcers may affect more than 25% of the diabetic population and may lead to amputation of foot in 20% of patients.
Rising Awareness of Advanced Wound Care & Its Expenditure
Turkey has been steadily increasing its healthcare expenditure in recent years, driven by several factors, such as a growing population, rising demand for healthcare services, and government initiatives to improve healthcare infrastructure. The increased healthcare expenditure has led to a greater availability of advanced wound care products and services in hospitals and other healthcare settings, contributing to the growth of the Turkey Advanced Wound Care Market. In addition to other factors, there has been a growing awareness of advanced wound care among healthcare professionals and patients in Turkey, leading to increased demand for advanced wound care products. The government and healthcare organizations have been actively promoting the use of advanced wound care products through awareness campaigns, training programs, and other initiatives, further driving the growth of the Turkey Advanced Wound Care Market.
Market Segmentation
The Turkey Advanced Wound Care Market can be segmented by product, wound type, end user, company, and region. By product, the market can be segmented into dressings, grafts & matrices, topical agents, and others. Based on wound type, the market can be segmented into chronic wounds, acute wounds. In terms of end users, the market can be segmented into hospitals & clinics, ambulatory care centers, and homecare.
Market Players
Johnson & Johnson Türkiye, B. Braun Türkiye, ABIGO Medical AB (Nibyakan), Smith + Nephew Turkey, Coloplast Turkey Medikal Gerecler San. ve Tic. A.Ş, etc. are some of the leading companies operating in the market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
Segments covered | Product Wound Type End User Region Company |
Regional scope | Marmara Region, Central Anatolia, Eastern Anatolia Region, South-Eastern Anatolia R0065gion, Aegean Region, Mediterranean Region, Black Sea Region. |
Key companies profiled | Johnson & Johnson Türkiye, B. Braun Türkiye, ABIGO Medical AB (Nibyakan), Smith + Nephew Turkey, Coloplast Turkey Medikal Gerecler San. ve Tic. A.Ş |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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